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Daily Briefing November 5 2019

Free to read: Scrubbers are tried, tested and still getting better | BW Group reverses position on Hafnia | World boxship fleet update: Slowing growth | Carriers hope for trade war truce before next round of tariffs

Good morning. Here’s our quick view of everything you need to know today.

The Lloyd’s List Daily Briefing is brought to you by the Lloyd’s List News Desk.

What to watch   |   Analysis   |   Opinion   |   Markets   |   In other news




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What to watch


Exhaust scrubbing technology already has a 60-year track record, and will become better yet, its enthusiasts insist.

Major product tanker owner Hafnia has cut a planned $345m private placement by up to 33.3% with parent BW Group scrapping plans to sell its shares in the company.


Analysis


The world containership fleet halved its rate of expansion during October, with only 51,000 teu of capacity entering the market during the month, compared with over 100,000 teu in September.


Opinion


The Lloyd’s List Podcast: With the 2020 sulphur cap just around the corner and crunch meetings to determine details around the 2050 decarbonisation strategy looming, Edmund Hughes, the IMO’s head of air pollution and energy efficiency, talks us through 2020, 2050 and the political challenges that IMO faces amid a rapidly changing set of macro dynamics.

 


Markets


There is optimism a partial truce could soon be signed in the China-US trade dispute. If the next round of tariffs is implemented, the supply chain could see a major shake-up.

The extension of the Brexit deadline will relieve some of the pressure on the UK logistics sector as the industry enters one of its busiest times of the year, according to the UK Warehousing Association.

Shipping consultant Drewry has said that a phasing out of palm-based biodiesel in Europe will hurt chemical tanker demand and tonne-miles in the long term, as most of the product comes from Indonesia and Malaysia.

Indonesia’s ruling to halt nickel ore exports immediately wipes out several of the country’s minor bulk trades that are vital to the segment.


In other news


A Greek tanker company has distanced itself from involvement in an oil spill that has fouled huge swathes of Brazil’s coastline after speculation that one of its vessels could be linked to the incident.

Capital Product Partners said expanding its containerships focus “makes sense” and may change its name to reflect the company’s recent exit from the tanker market.

Yangzijiang Shipbuilding has won more orders in the absence of its chairman Ren Yuanlin.

Nine crew members were abducted from a Norway-flagged bulk carrier off Benin, in yet another reported piracy case in the Gulf of Guinea.

Infrastructure expansion will support robust growth in Canadian ports’ throughput during the coming decade, according to the Freight Transport & Shipping Report for the first quarter of 2020 by Fitch Solutions Macro Research.

Sovcomflot has secured a lease financing deal and a charter deal for the first liquefied natural carrier that will service the upcoming Arctic LNG 2 facility in Russia.

Four crew members have been abducted from a Greece-flagged tanker off Togo. The incident, on Monday, is the second abduction incident in the Gulf of Guinea in as many days.

Three people have died after an explosion on a chemical tanker in Russia.

S&P Global Platts has started publishing time charter equivalent assessments based on 0.5% sulphur bunker fuel for scrubber and non-scrubber dry bulk carriers ahead of the International Maritime Organization sulphur cap regulations.

Yilport Holdings chief executive Christian Blauert will step down from the Turkish ports and logistics firm on December 15.

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